$WBA with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $WBA after a Positive under reaction following its earnings release placing the stock in drift A
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WGBA34 trade ideas
Talk about Wave 5 of Wave 5 | WBA Buy SetupWhen it comes to simple 10 seconds Elliott wave count it can't get simpler than this
We see WBA within a Wave 5 here but the wave 5 itself has not yet reached its termination point
The Wave 5 of the Wave 5 should take it to what is called the TZ1.
Previously we went long into the wave 5 on the 10th of March and exited on the 15. Now there is a 3 candle pullback.
H1 setup 1 long but depends how today opens and goes...
Walgreens earnings 3/31 at 7amWalgreens 2nd Quarter February 2021 earnings are on 3/31 at 7am. Walgreens Boots Alliance (WBA) reported 1st Quarter November 2020 earnings of $1.22 per share on revenue of $36.3 B. The consensus earnings estimate was $1.02 per share on revenue of $34.9 billion. The company said it continues to expect low single-digit earnings growth in fiscal 2021, or earnings of approximately $4.86 per share. The current consensus earnings estimate is $4.79 per share for the year ending August 31, 2021.
2nd Quarter February 2021
Consensus:
EPS = $1.14
Revenue = $35.48 B
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*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
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Buy $WBA - NRPicks 07 Mar
Walgreens Boots Alliance ($WBA) is a global leader in retail and wholesale pharmacy, through the dispensing and distribution of medicines, and through its convenient retail locations, digital platforms and health and beauty products. The company has more than 100 years of heritage and innovation in health care.
It is a company that handles a good trading volume and is close to filing its earnings report on March 31, remember that in its last report it exceeded expectations with earnings per share of $1.22 and quarterly revenue of $36.31B.
Walgreens announced the expansion of its digital health platform, Walgreens Find Care, to include 11 new and four expanded collaborations with service providers, offering easier access to care during the COVID-19 pandemic. With these, people can now access more than 45 national and local health care providers. This platform has increased its use exponentially since the pandemic reaching 20M of visits that equates to an increase of 13 times last year's visits.
The company, even the health sector, has a good way to recoil the market and the rotation of investors after the technology selloff could end up in the least disadvantaged.
Technical:
Support at $46
Bounce in MA50
Low levels of RSI - Oversold
MACD Level (12, 26) -4.90
Short I see a big pressure of sellers.
Level 46.42 at this moment is showing expecting buyers zone.
On this lvl it will be 2 scenarios:
1. Green path - rising to 50 or higher
2. to close 1D candle below 46.42 and to start a downtrend to 43.55. (Closing 1D lower than level is required to enter short position)